President Trump on Wednesday said he had reached a trade deal with Vietnam, one week ahead of a July 9 deadline for tariffs to snap back to higher levels for US partners. Trump sa

President Donald Trump’s new trade deal with Vietnam sends a clear signal about where US tariffs on Chinese goods might ultimately land, as talks between Washington and Beijing continue following their recent truce.

The United States and Vietnam have agreed on a two-layer tariff system designed to stop goods routed through Vietnam, often to dodge US duties, from entering American markets. Under the plan, items genuinely produced in Vietnam face a 20% duty,